“The acquisition of the elevator in Gorodenka is another step on the way to expand Continental production capacity, as well as another investment in the agricultural industry, confirming the intentions company to work and develop business in Ukraine for a long time”, – Georg von Nolcken, Continental Farmers Group CEO commented. – “For the last 2 years, investments in Continental`s infrastructure and technical park development have already amounted to $ 72 million, and this year, in addition to the acquisition of the elevator, we launched another investment project – the construction of a modern potato storage facility with a capacity of 16 thousand tons in Lviv region, one of these days we plan to start work.”
Continental already owns 4 elevators and 3 grain drying complexes with a total storage capacity of 420 thousand tons in Ternopil and Lviv regions. The elevator acquired by the Company in the Ivano-Frankivsk region will allow Continental to store simultaneously more than half a million tons of crops and optimize logistics from the field to the elevator.
Reference: Continental Farmers Group is an agricultural company cultivating 195 thousand hectares in 5 regions of Western Ukraine: Ternopil, Lviv, Khmelnytsky, Chernivtsi and Ivano-Frankivsk. The company specializes in crop production, growing grains, oilseeds and industrial crops, and is also one of the largest potato producers in Ukraine.